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H 3374 - Changes the calculation for the Local Government Fund

Tracking Level: Priority
Sponsor: James Merrill (R)
Last Action: 3/10/2015 - Senate - Referred to Committee on Finance
House Committee:
Assigned To:
Finance/Revenue/TaxesNext Bill

Staff Analysis of the Legislation

02.17.2015 The House Ways and Means Committee gave this bill a favorable report.
02.04.2015 The House Ways and Means Revenue Policy subcommittee gave this bill a favorable report.
Summary of the bill as introduced: Sets a benchmark for the yearly increase in the Local Government Fund going forward.

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Session 121 - (2015-2016)Printer Friendly
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H 3374 General Bill, By Merrill, White and G.R. Smith
Summary: State Aid to Subdivisions Act
    A BILL TO AMEND CHAPTER 27, TITLE 6, CODE OF LAWS OF SOUTH CAROLINA, 1976, RELATING TO THE STATE AID TO SUBDIVISIONS ACT, SO AS TO CHANGE THE NAME OF THE LOCAL GOVERNMENT FUND, TO DELETE THE REQUIREMENT THAT THE FUND RECEIVE NOT LESS THAN FOUR AND ONE-HALF PERCENT OF THE GENERAL FUND REVENUES OF THE LATEST COMPLETED FISCAL YEAR, TO DELETE A PROVISION REGARDING MIDYEAR CUTS, TO PROVIDE THAT THE FUND MUST BE INCREASED BY TWO PERCENT IF REVENUES ARE PROJECTED TO INCREASE BY AT LEAST FOUR PERCENT, TO PROVIDE THAT THE TWO PERCENT INCREASE, IF APPLICABLE, BE INCLUDED IN ALL STAGES OF THE BUDGET PROCESS, TO AMEND THE DISTRIBUTION PERCENTAGE OF THE FUND, AND TO DELETE A PROVISION REQUIRING AMENDMENTS TO THE STATE AID TO SUBDIVISIONS ACT BE INCLUDED IN SEPARATE LEGISLATION.
View full text          View Vote History          View Fiscal Impact
01/21/15House Introduced and read first time (House Journal-page 18)
01/21/15House Referred to Committee on Ways and Means (House Journal-page 18)
01/27/15House Member(s) request name added as sponsor: G.R.Smith
02/19/15House Committee report: Favorable with amendment Ways and Means
02/25/15House Requests for debate-Rep(s). Jefferson, Willis, Pitts, Hill, Taylor, Delleney, Hart, JE Smith, Sandifer, Southard, Knight, Ott, Douglas, McKnight, Ridgeway, Bamberg, Williams, George, Daning, Crosby, Tallon, Kirby, Whipper, RL Brown, Hosey, Corley, Wells, Clary, Sottile, Gilliard, Henegan, Chumley, Burns, Bannister, Hicks, Loftis, Toole, Forrester, GR Smith, Ballentine, Robinson-Simpson, Dilliard, Spires, Norrell, Pope, Funderburk, Weeks, DC Moss, Limehouse, GM Smith, Norman, Gambrell (House Journal-page 28)
03/04/15House Amended (House Journal-page 71)
03/04/15House Read second time (House Journal-page 71)
03/04/15House Roll call Yeas-96 Nays-17 (House Journal-page 74)
03/05/15House Read third time and sent to Senate (House Journal-page 49)
03/10/15Senate Introduced and read first time (Senate Journal-page 14)
03/10/15Senate Referred to Committee on Finance (Senate Journal-page 14)



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